Latest News
China’s quantitative hedge funds are staging a sharp recovery after suffering heavy losses during July’s market selloff, with popular index-enhancement strategies once again outperforming their benchmarks, according to a report by Bloomberg.
Saba Capital Management, led by Boaz Weinstein (pictured) has stepped up its campaign at Baillie Gifford US Growth Trust, proposing three new directors and calling for a full cash exit for shareholders at or near net asset value.
Investors submitted redemption notices equivalent to 1.64% of assets managed by hedge funds on SS&C GlobeOp’s administration platform in August, up from 1.35% in July but still well below the long-term average.
Phil King, one of Australia’s best-known hedge fund managers, is preparing to retire from Regal Partners, sending shares in the listed investment firm sharply lower, according to a report by Bloomberg.
Oil prices slipped more than $1 a barrel on Monday as investors locked in some of last week’s gains ahead of an expected US announcement on tougher sanctions against Iran, raising fresh concerns about the outlook for Middle Eastern supplies, according to a report by Reuters.
Hedge funds have sharply reduced bearish positions on European diesel, signalling growing expectations that a severe fuel supply squeeze will persist as disruptions to crude and refined-product flows continue, according to a report by Bloomberg.
Hedge funds are stepping up bearish positions against the US dollar as investors assess Treasury Secretary Scott Bessent’s plans to contain elevated US borrowing costs and manage the government’s debt profile, according to a report by Bloomberg.
Bridgewater Associates founder Ray Dalio has warned that the US could face a debt crisis within the next three years, arguing that the country’s worsening fiscal position poses risks not only to domestic markets but to the wider global financial system, according to a report by the Chosen Daily.
Hedge funds and mutual funds are taking increasingly different approaches to the artificial intelligence trade, with hedge funds retaining greater overall exposure to AI-related stocks while the two investor groups have diverged sharply on some of the sector’s biggest names, according to a report by Seeking Alpha.
Citadel has sold more than 80 per cent of the positions it acquired from Situational Awareness, following the AI-focused hedge fund’s near-collapse during last month’s technology sell-off, according to a report by the FT.
